Landsbanki Guernsey administrators Deloitte is trying to untangle a web of loans and guarantees to try and salvage depositor money.  The Icelandic-owned bank’s 1,600 savers are still waiting for their cash after Landsbanki Guernsey went into administration in October.

A Deloitte report refused to estimate how much could be recovered but said depositors could expect ‘substantial’ payments but warned the earliest possible date for cash to be returned was the end of 2009. 09-Jan-09

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